KUALA LUMPUR: Keeping retirees, including educated professionals, in the workforce could boost the country’s gross domestic product (GDP) by as much as 5% or more in the long run, according to Universiti Malaya’s Social Security Research Centre’s (SSRC) Old Age Financial Protection chairholder Professor Naohiro Ogawa (pic).
Speaking to reporters on the sidelines of SSRC’s third international conference on social protection themed “Migration, Development and Social Welfare: Implications and New Insights”, Ogawa said that based on calculations, the inclusion of elderly persons in the workforce would boost Japan’s real GDP by approximately 5% .. read more